Bloomberg has reported that the ECB is not going to disclose a report of Greeks' swap transaction with Goldman Sachs. The Bank helped Greece to access the EU by selling them dubious swap transactions which hid the countries debts and deficit.
ECB's Monsieur Trichet has been quoted: “The information contained in the two documents would undermine the public confidence as regards the effective conduct of economic policy...” and “... in the current very vulnerable market environment, the substantial and acute risk of adding to volatility and instability.”
Needless to say that this swap has damaged the Europes citizen.
Anyone Euros or Greek bonds?
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